BHP Billiton CEO Will Make Less Than His Peers

Australia’s largest company, BHP Billiton Ltd., which also trades in London and New York, will pay its new chief executive a base annual salary of $1.7 million when he assumes the role on May 10.

That’s a tidy 42% rise from the $1.2 million that Andrew Mackenzie currently earns as head of the group’s nonferrous division, which includes overseeing the world’s largest copper source, the Escondida mine in Chile.